🚨 Exclusive
🔌 Ethiopia cuts power to Bitcoin miners
On the international stage, Ethiopia announced a drastic 77% reduction in electricity supply for Bitcoin mining companies operating on its territory.
The cause: A severe hydroelectric shortage forced the African government to prioritize consumption by the civilian population and basic industry. This measure deals a hard blow to one of the fastest-growing mining hubs of the past year and raises fears of a drop in the network’s global processing rate (hashrate).
$ONE $AVA $GENIUS
🔌 Ethiopia cuts power to Bitcoin miners
On the international stage, Ethiopia announced a drastic 77% reduction in electricity supply for Bitcoin mining companies operating on its territory.
The cause: A severe hydroelectric shortage forced the African government to prioritize consumption by the civilian population and basic industry. This measure deals a hard blow to one of the fastest-growing mining hubs of the past year and raises fears of a drop in the network’s global processing rate (hashrate).
$ONE $AVA $GENIUS
